Tradeweb Markets (TW) Share-based Compensation (2018 - 2026)
Tradeweb Markets' quarterly Share-based Compensation came in at $25.1 million in Q1 2026, up 12.95% year-on-year from $22.2 million in Q1 2025, and down 11.46% quarter-over-quarter from $28.3 million in Q4 2025.
Tradeweb Markets has reported Share-based Compensation for 9 years, with the latest figure at $25.1 million in Q1 2026.
- For the quarter ending Q1 2026, Share-based Compensation rose 12.95% year-over-year to $25.1 million; the trailing twelve-month figure through Mar 2026 stood at $106.4 million (up 11.5% YoY), and the FY2025 full-year result was $103.5 million, up 15.49% from the prior year.
- Share-based Compensation for Q1 2026 stood at $25.1 million, down from $28.3 million in the prior quarter.
- The five-year high for Share-based Compensation was $28.3 million in Q4 2025, with the low at $11.6 million in Q1 2023.
- Average Share-based Compensation over 5 years is $20.6 million, with a median of $21.0 million recorded in 2022.
- Year-over-year, Share-based Compensation soared 68.96% in 2022 and dropped 25.04% in 2023.
- Tracing TW's Share-based Compensation over 5 years: stood at $17.2 million in 2022, then advanced by 18.86% to $20.5 million in 2023, then grew by 14.2% to $23.4 million in 2024, then increased by 21.15% to $28.3 million in 2025, then declined by 11.46% to $25.1 million in 2026.
- The last three Share-based Compensation figures came in at $25.1 million (Q1 2026), $28.3 million (Q4 2025), and $26.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Share-based Compensation (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 571.00 Mn |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 2.53 Bn |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 138.00 Mn |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 92.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 33.00 Mn |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 51.80 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 23.06 Mn |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 31.49 Mn |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 25.06 Mn |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | 50.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 25.06 Mn |
| Mar 31, 2026 | 25.06 Mn |
| Dec 31, 2025 | 28.31 Mn |
| Dec 31, 2025 | 28.31 Mn |
| Sep 30, 2025 | 26.14 Mn |
| Sep 30, 2025 | 26.14 Mn |
| Jun 30, 2025 | 26.91 Mn |
| Jun 30, 2025 | 26.91 Mn |
| Mar 31, 2025 | 22.19 Mn |
| Mar 31, 2025 | 22.19 Mn |
| Dec 31, 2024 | 23.36 Mn |
| Dec 31, 2024 | 23.36 Mn |
| Sep 30, 2024 | 26.17 Mn |
| Sep 30, 2024 | 26.17 Mn |
| Jun 30, 2024 | 23.72 Mn |
| Jun 30, 2024 | 23.72 Mn |
| Mar 31, 2024 | 16.40 Mn |
| Mar 31, 2024 | 16.40 Mn |
| Dec 31, 2023 | 20.46 Mn |
| Dec 31, 2023 | 20.46 Mn |
| Sep 30, 2023 | 17.35 Mn |
| Sep 30, 2023 | 17.35 Mn |
| Jun 30, 2023 | 15.71 Mn |
| Jun 30, 2023 | 15.71 Mn |
| Mar 31, 2023 | 11.61 Mn |
| Mar 31, 2023 | 11.61 Mn |
| Dec 31, 2022 | 17.21 Mn |
| Dec 31, 2022 | 17.21 Mn |
| Sep 30, 2022 | 14.76 Mn |
| Sep 30, 2022 | 14.76 Mn |
| Jun 30, 2022 | 20.96 Mn |
| Jun 30, 2022 | 20.96 Mn |
| Mar 31, 2022 | 13.71 Mn |
| Mar 31, 2022 | 13.71 Mn |
| Dec 31, 2021 | 15.00 Mn |
| Dec 31, 2021 | 15.00 Mn |
| Sep 30, 2021 | 13.78 Mn |
| Sep 30, 2021 | 13.78 Mn |
| Jun 30, 2021 | 12.41 Mn |
| Jun 30, 2021 | 12.41 Mn |
| Mar 31, 2021 | 10.76 Mn |
| Mar 31, 2021 | 10.76 Mn |
| Dec 31, 2020 | 11.21 Mn |
| Dec 31, 2020 | 11.21 Mn |
| Sep 30, 2020 | 9.76 Mn |
| Sep 30, 2020 | 9.76 Mn |
| Jun 30, 2020 | 10.35 Mn |
| Jun 30, 2020 | 10.35 Mn |
| Mar 31, 2020 | 7.97 Mn |
| Mar 31, 2020 | 7.97 Mn |
| Dec 31, 2019 | 49.82 Mn |
| Dec 31, 2019 | 49.82 Mn |
| Jun 30, 2019 | 27.29 Mn |
| Jun 30, 2019 | 27.29 Mn |
| Mar 31, 2019 | 4.67 Mn |
| Mar 31, 2019 | 4.67 Mn |
| Sep 30, 2018 | -31.96 Mn |
| Sep 30, 2018 | -31.96 Mn |
| Mar 31, 2018 | 5.95 Bn |
| Mar 31, 2018 | 5.95 Bn |